Short Interest in Pigeon Corp (OTCMKTS:PGENY) Declines By 35.7%

Pigeon Corp (OTCMKTS:PGENY) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 470 shares, a drop of 35.7% from the August 15th total of 731 shares. Based on an average trading volume of 1,245 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Pigeon Stock Performance

Shares of OTCMKTS:PGENY remained flat at $3.10 during midday trading on Thursday. Pigeon has a 1-year low of $2.21 and a 1-year high of $3.50. The stock’s 50-day moving average price is $3.10 and its 200 day moving average price is $2.90. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 25.83 and a beta of 0.12.

Pigeon (OTCMKTS:PGENY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $196.22 million during the quarter. Pigeon had a return on equity of 11.11% and a net margin of 8.01%. Sell-side analysts forecast that Pigeon will post 0.13 EPS for the current year.

About Pigeon

Pigeon Corporation is a Japanese manufacturer of products and services focused on baby care, maternity care and family health. Its offerings include nursing bottles and nipples, breastfeeding and breast-care products, baby toiletries, skin-care products, diapers and related items designed to support parents and infants.

The company also develops products for women and families, including maternity and postpartum-care goods, as well as products for older adults and people requiring nursing care.